HR Career Outlook
As organizations continue to grow in the global marketplace, the need to hire employees as well as develop short- and long-term staffing strategies becomes increasingly apparent. An MBA with a specialization in Human Resources can position you for various HR careers in a variety of fields and industries.
Your HR expertise could lead to a more advanced position and higher pay. According to the Bureau of Labor Statistics, the median annual salary for HR managers in 2016 was $106,910 with higher-level HR careers usually requiring an advanced degree, such as an MBA with a specialization in human resources.1
A master’s in business paired with an HR specialization can even lead to greater job stability and help accelerate your career. The unique combination of foundational business skills with subject-matter expertise in human capital management can clearly differentiate your degree from other MBA programs and helps distinguish you from your peers in the job market.
Explore a Range of Career Options
Coursework in this HR concentration has multiple applications within the field — which itself offers opportunities in for-profit companies, enterprise-level organizations, corporate entities, non-profits, government and public service. Potential job titles that an MBA with a specialization in human resources may qualify you for include but are not limited to the following:
- Compensation Specialist
- Benefits Manager
- Employee Relations Manager
- Director of Recruitment
- Training Manager
- Director of Human Resources
- Talent Acquisitions Manager
- Staffing Specialist
The Future of HR Careers
The need for qualified leaders well versed in business and people management is on the rise. The Bureau of Labor Statistics estimates hiring of HR managers to grow 9 percent from 2014 to 2024.1 Growth in HR manager employment is dependent on many factors, including economic performance and expansion, as well as new laws and regulations.
Graduates with an entrepreneurial spirit and those wishing to start or run their own business may be able to find lucrative work as a human resources consultant. The rise in outside HR consultancies is due to the fact that some businesses are outsourcing core functions typical of internal human resource departments. A credential such as the online MBA with a specialization in HR from The University of Scranton puts multiple HR careers within your reach.
Sources
- Bureau of Labor Statistics, Occupational Outlook Handbook, Human Resource Managers, accessed July 10, 2017; www.bls.gov